BMW supports BREXIT and is open to the idea of a second manufacturing plant in the US.

BMW is considering a second U.S. manufacturing plant that could produce engines and transmissions, Chief Executive Harald Krueger said on Tuesday, shortly after a report that U.S. President Donald Trump would impose tariffs on imported cars from next week.

“We’re at the range where you could think about a second location” in the United States, he said, adding that such a factory would provide a natural currency hedge.

Krueger in an interview at the Los Angeles Auto Show also said he backed British Prime Minister Theresa May’s current Brexit plan to divorce the United Kingdom from the European Union.

“The compromise on the table is something I can clearly support,” he said.

Source:  Reuters